Polaris Industries Inc. (PII) Releases FY14 Earnings Guidance
Polaris Industries Inc. (NYSE:PII) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.17-6.37 for the period, compared to the Thomson Reuters consensus estimate of $6.64, StockRatingsNetwork.com reports. The company issued revenue guidance of +11-14% YoY to ~$4.193-4.306 billion, compared to the consensus revenue estimate of $4.31 billion.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 132.10 on Tuesday. Polaris Industries Inc. has a 52 week low of $82.80 and a 52 week high of $146.99. The stock’s 50-day moving average is $140.3 and its 200-day moving average is $126.6. The company has a market cap of $9.150 billion and a P/E ratio of 26.28.
Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, January 28th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, analysts predict that Polaris Industries Inc. will post $5.39 earnings per share for the current fiscal year.
A number of research firms have recently commented on PII. Analysts at Thomson Reuters/Verus upgraded shares of Polaris Industries from a sell rating to a hold rating in a research note to investors on Monday, January 20th. On a related note, analysts at Ned Davis Research downgraded shares of Polaris Industries from a buy rating to a neutral rating in a research note to investors on Monday, January 13th. Finally, analysts at Wedbush raised their price target on shares of Polaris Industries to $173.00 in a research note to investors on Tuesday, January 7th. They now have a sell rating on the stock. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Polaris Industries presently has an average rating of Buy and a consensus target price of $135.81.
Polaris Industries Inc (NYSE:PII) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles, including motorcycles and small electric vehicles (SEV), together with the related replacement parts, garments and accessories (PG&A).
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